UK – Eilín O’Carroll, European product management head at State Street Global Advisors, has left to join Merrill Lynch Investment Managers’ product development team.

O’Carroll joins after four years at SSGA, where she was responsible for the launch of hedge funds as well as other cash and bond funds, MLIM said.
O’Carroll also has more than 10 years of experience in a range of roles in investment banking and asset management

Based in London, she will report to Paul Freeman, MLIM’s product development head for Europe, the Middle East, Africa (EMEA), and Asia Pacific.

According to a MLIM statement, O’Carroll in her new position will be responsible for overseeing the launch and development of new funds, products and services.

Commenting on the appointment, Freeman said: “Eilín’s extensive experience in product management will further strengthen the team enabling us to meet client requirements and anticipate future market opportunities.”

In May, MLIM hired Henderson Global Investors client relationship head Gareth Davies as a director of its UK relationship management team for institutional business.

SSGA did not respond to requests for comment.

Last week, State Street Corporation appointed Peter O’Neill, executive vice president and head of State Street’s London-based European investment research and trading business, to a newly created senior management position, which will see him working across both investment research and trading as well as the company’s investment servicing activities in the United Kingdom, Middle East and Southern Africa (UKMEA).

According to State Street, the position was established in response to customer demand for more integrated investment services and solutions.

In other news, Northern Trust announced today that Duane Rocheleau has been appointed as head of the global investment solutions team.

Rocheleau joins from Northern Trust’s treasury department, where he has directed the bank’s investment portfolio, interest rate derivatives, foreign exchange hedging, and asset and liability management for six years.